As Brexit approaches, there are signs that boutique advisory firms are moving to get more staff on the ground in European and UK offices.
Our German site reported this morning that Perella Weinberg hired a vice president from Deutsche Bank private equity in Munich, plus seven juniors. Conversely, a Munich boutique-based appears to be hiring in London.
Goetzpartners, one of Germany's leading advisory firms, is boosting its London life sciences and healthcare team. Raphaël Bidaut joined as an associate director in corporate finance after six years at SocGen. Brigitte de Lima, the former director of life sciences, has also just been promoted as head of equity research and corporate access in London.
Goetzpartners Securities isn't new to London. - The company has been in the UK since 2005 according to filings with Companies House. At the time of its most recently filed accounts for the year ending December 2017, it had just seven staff in London (up from six one year previously). The London office is focused on healthcare research, broking and corporate finance.
After Brexit, London or EU bankers dealing with clients in the other jurisdiction will likely need “chaperones” to sit in on meetings. In an attempt to avoid this, boutiques may be hiring staff on the ground.
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